LCI Industries (LCII) To Go Ex-Dividend on August 30th

LCI Industries (NYSE:LCII) declared a quarterly dividend on Friday, August 16th, Wall Street Journal reports. Stockholders of record on Friday, August 30th will be paid a dividend of 1.05 per share on Friday, September 13th. This represents a $4.20 annualized dividend and a dividend yield of 3.54%. The ex-dividend date of this dividend is Friday, August 30th.

LCI Industries has increased its dividend payment by an average of 14.5% per year over the last three years. LCI Industries has a dividend payout ratio of 58.3% indicating that its dividend is sufficiently covered by earnings. Research analysts expect LCI Industries to earn $7.37 per share next year, which means the company should continue to be able to cover its $4.20 annual dividend with an expected future payout ratio of 57.0%.

LCI Industries Price Performance

LCII stock traded down $0.80 during trading on Wednesday, reaching $118.67. The company’s stock had a trading volume of 28,699 shares, compared to its average volume of 235,238. The company’s fifty day moving average is $108.96 and its 200-day moving average is $111.31. The company has a quick ratio of 1.06, a current ratio of 2.86 and a debt-to-equity ratio of 0.63. LCI Industries has a 1 year low of $96.18 and a 1 year high of $131.36. The company has a market capitalization of $3.02 billion, a P/E ratio of 32.46 and a beta of 1.42.

LCI Industries (NYSE:LCII) last issued its quarterly earnings data on Tuesday, August 6th. The company reported $2.40 earnings per share for the quarter, topping the consensus estimate of $2.16 by $0.24. The company had revenue of $1.05 billion for the quarter, compared to analysts’ expectations of $1.05 billion. LCI Industries had a return on equity of 6.85% and a net margin of 2.47%. The firm’s revenue for the quarter was up 3.9% on a year-over-year basis. During the same period in the previous year, the firm posted $1.31 earnings per share. On average, research analysts expect that LCI Industries will post 6.29 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of analysts have recently weighed in on the stock. Roth Mkm raised their price target on shares of LCI Industries from $100.00 to $103.00 and gave the company a “neutral” rating in a report on Monday, May 13th. Benchmark restated a “buy” rating and set a $130.00 price objective on shares of LCI Industries in a research note on Wednesday, August 7th. Two research analysts have rated the stock with a sell rating, three have issued a hold rating and two have given a buy rating to the company. According to data from MarketBeat, the company has a consensus rating of “Hold” and a consensus price target of $109.00.

LCI Industries Company Profile

LCI Industries, together with its subsidiaries, manufactures and supplies engineered components for the manufacturers of recreational vehicles (RVs) and adjacent industries in the United States and internationally. It operates through two segments: Original Equipment Manufacturers (OEM) and Aftermarket.